"Who-sells-first-sells-best" time for Bitcoin http://zentrade.online/sells-first-sells-best-time-bitcoin/

Next difficulty increase is 7 hours away, bitcoin bulls are making their best, will 1135 be broken? http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170204/

As far as I can understand position of Arthur Hayes it is because of the current pure speculative nature of Bitcoin.  Here is an excerpt:
"All of a sudden, the PBOC turned on the lights at the club. In response to pressure from regulators, Chinese exchanges ceased offering margin trading on January 11th. The very next day, XBTH17 entered backwardation. Existing loans were allowed to expire, but no new loans could be taken out.

Margin loans had 2 to 30 day terms. As loans expired, credit whales need to unwind their trades. That meant selling futures and buying spot with released CNY. This helped move the futures’ basis into backwardation.

The Fear Uncertainty and Doubt (FUD) surrounding what the PBOC would or wouldn’t do prompted speculators to short Bitcoin via futures. There was no more margin trading therefore futures were the only bearish instrument available. Even today, the PBOC has released no statement as to what policy actions will be undertaken as a result of their “investigations”.

In short:

Margin Book Unwind + FUD = Futures Backwardation"

"A one-off [CNY] devaluation during New Year gives China breathing room" -- Arthur Hayes, BitMEX Crypto Trader Digest @BitMEXdotcom - THIS may send Bitcoin price to the MOON!

"the absence of CNY currency volatility may dampen the price of Bitcoin" -- Arthur Hayes, BitMEX Crypto Trader Digest @BitMEXdotcom

According to Arthur Hayes, Co-Founder & CEO, BitMEX

selling pressure will continue until mid-February, until if one of these three following black swan events transpire before the expiry of March 2017 futures:

   1. The PBOC aggressively devalues the Yuan

    2. Marine Le Pineapple Pen is polling well in French elections

    3. Trump passes a massive infrastructure spending bill

source: BitMEX Crypto Trader Digest Jan 27, 2017

Chinese New Year is coming, expect n-term wild moves http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170127/

Bitcoin is on a verge http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170124/

Next 12 hours is make or break moment for Bitcoin http://zentrade.online/next-12-hours-make-break-bitcoin/

USD smart money vs CNY FOMO-buyers, watch the bulls slaughtered http://zentrade.online/usd-vs-cny-bitcoin-battle/

Bitcoin is bullish but the money flow is negative http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170121/

is this would be ok? http://zentrade.online/category/markets/crypto/feed/

From what I currently can see at the market, sell orders of big players are set at 950 and above. The crowd with its market orders is not able to push due to lack of liquidity. Sideways scenario is most realistic for the next week until 950 level reached http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170120/

The "short squeeze" and its outcome is what we are witnessing now http://zentrade.online/bitcoinusd-price-action-analysis-bitmex-perpetual-swap-xbtusd-update-20170117/

Recent price action was perfectly aligned with the Fibo Time Zone. From my point of view November 2017 is the next possible climax http://zentrade.online/bitcoin-price-action-update-20170113/